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Apple chief executive Tim Cook gets $750m payout

bbc.com

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Re: Apple chief executive Tim Cook gets $750m payout

#241

Post by mFixman »

Andrew_nenakhov wrote: post #189

When will the people understand, that if you force the equality, it'll result in mediocrity? USSR has learned this lesson the hard way, so it is sad to see how many well-off Americans a rushing head first into it voluntarily? Trust me, you won't like the results. You have a 200square meters house? Nobody needs that many space, and also there are so many homeless in Los Angeles. You take two rooms 24square meters each…

Is it possible to have a debate about CEO payout without the dumb comparisons with the Soviet Union?

Imperial Russia was an absolutist autocracy in theory for most of its history and in practice for all of it. Does being against despotism mean that I have to give a couple rooms from the property I don't own?

Re: Apple chief executive Tim Cook gets $750m payout

#242

Post by OJFord »

leesalminen wrote: post #145
siva7 wrote: post #78

Earlier quoted context omitted.

i would expect such reasoning on tabloids but on hn?

HN has been lurching left very quickly over the past years. Dunno if you’ve noticed.

True or not, that's not related to the accusation of 'tabloid reasoning'. See political leanings of UK tabloids for example: https://en.wikipedia.org/wiki/List_of_newspapers_in_the_Unit...

Re: Apple chief executive Tim Cook gets $750m payout

#243

Post by rglullis »

ClumsyPilot wrote: post #235
rglullis wrote: post #59

Earlier quoted context omitted.

When will we learn to stop making these silly calculations about "productivity" and understand that people are paid not by the value of their work, but by their scarcity? Any factory in China can replace most of their 160k employees overnight if they wanted to. How many Tim Cook's do you have lying around?

"people are paid not by the value of their work, but by their scarcity" When will we learn to stop making these silly arguments about "scarcity" and understand that the only thing that matters is a position of power? Einstein and Steven Hawking were unique and advanced the entire human civilisation, whats their net work? Is anyone except the mentally ill going to suggest we have more Einsteins that Tim Cook's lying a…

Ultimately, yes. But where does that power come from?

Re: Apple chief executive Tim Cook gets $750m payout

#244

Post by cuillevel3 »

vmurthy wrote: post #38

From the article : "In 2015, Mr Cook said he would give away his entire fortune before he dies, and is known to have donated tens of millions of dollars to charity". Success during one's life , paying it back to make the society a better place once gone. Take a bow, Mr Cook. What more can one ask for in a lifetime :)

Why not just pay taxes instead? That's literally paying it back to society.

Re: Apple chief executive Tim Cook gets $750m payout

#245

Post by PartiallyTyped »

rglullis wrote: post #59
beckman466 wrote: post #46

So according to this 2018 article by The Verge [1], Foxconn workers producing iGadgets in China earn on average $390.16 per month. Times that by twelve and we find that workers earn $4,681.92 per year on average. If we divide Tim's $750,000,000 bonus/payout this year by that $4,681.92 yearly Foxconn salary, we get 160,190 My question is: how is Tim so productive that he does roughly 160,000 people’s work, or 1/8th of…

When will we learn to stop making these silly calculations about "productivity" and understand that people are paid not by the value of their work, but by their scarcity? Any factory in China can replace most of their 160k employees overnight if they wanted to. How many Tim Cook's do you have lying around?

> I am, somehow, less interested in the weight and convolutions of ~~Einstein~~ Cook’s brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops.

Original quote by Stephen Jay Gould.

Re: Apple chief executive Tim Cook gets $750m payout

#246

Post by ClumsyPilot »

bohemian99 wrote: post #167
ahtihn wrote: post #107

Earlier quoted context omitted.

> How many Tim Cook's do you have lying around Probably thousands? Just put a job ad for "Apple CEO" out there, set pay at a generous 10 million/year and I'm pretty sure you won't have issues finding qualified candidates. I really don't think Apple's valuation would change much if Tim Cook is replaced, so I don't see what justifies such a large bonus.

Thousands seems high for the largest company in the world with potentially the most complex supply chain ever assembled. And that doesn't even mention the political issues that need to be navigated. Your choices I imagine are the other Apple executives and the CEO of another International technology and/or manufacturing (potentially) company.

"the most complex supply chain ever assembled."

Right, all the people running Amazon, Wallmart, Nasa, BMW, Tesla, Spacex, managing contructuon of nuclear powerplants have no knowledge of supply chains.

You know, an iPhone or a macbook has more parts than an A380

Re: Apple chief executive Tim Cook gets $750m payout

#247

Post by kwanbix »

rglullis wrote: post #59
beckman466 wrote: post #46

So according to this 2018 article by The Verge [1], Foxconn workers producing iGadgets in China earn on average $390.16 per month. Times that by twelve and we find that workers earn $4,681.92 per year on average. If we divide Tim's $750,000,000 bonus/payout this year by that $4,681.92 yearly Foxconn salary, we get 160,190 My question is: how is Tim so productive that he does roughly 160,000 people’s work, or 1/8th of…

When will we learn to stop making these silly calculations about "productivity" and understand that people are paid not by the value of their work, but by their scarcity? Any factory in China can replace most of their 160k employees overnight if they wanted to. How many Tim Cook's do you have lying around?

I imagine Tim Cook is good, but that good? How much of the success is because he does unique work? I mean, I can understand maybe from someone like Steve who was a visionary, but Tim? It looks to me more of an executor than a visionary. I am not saying he is a bad leader or anything, but 750 million dollars is a LOT of money.

Re: Apple chief executive Tim Cook gets $750m payout

#248

Post by uuddlrlr »

moduspol wrote: post #216
uuddlrlr wrote: post #178

Earlier quoted context omitted.

Certainly thousands of people could achieve similar or better, finding one of them just happens to be incredibly difficult and risky.

"Similar" on the scale of a company worth $2.4 trillion isn't negligible. Nor is "difficult" or "risky." There's one person in the world with a proven track record of succeeding leading the world's most valuable company over a decade. This compensation is a drop in the bucket relative to even a single strategic mishap by a less qualified candidate.

I wouldn't want to be in charge of that headhunt, for sure.

Re: Apple chief executive Tim Cook gets $750m payout

#249

Post by rglullis »

II2II wrote: post #180
rglullis wrote: post #59

Earlier quoted context omitted.

When will we learn to stop making these silly calculations about "productivity" and understand that people are paid not by the value of their work, but by their scarcity? Any factory in China can replace most of their 160k employees overnight if they wanted to. How many Tim Cook's do you have lying around?

While it would be difficult to replace someone like Tim Cook, this should not serve as an excuse to treat people as disposable. This attitude of disposability, which is exactly what your comment about replacing 160k employees implies, brings to mind barbaric labour practices of the past.

People are not disposable. The labour they provide is.
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